One of the biggest challenges for small otolaryngology clinics can be keeping up with the day-to-day business of ENT billing and coding. As a result, many physicians turn to outsourcing medical billing services to ensure that everything is being done accurately and efficiently, yet not taking any valuable time away from helping patients or keeping the office organized. It can be difficult to assess, whether your practice is new or established, small or growing into something quite large.
Healthcare consulting services, like MD Pro Solutions, which specialize in Ear, Nose and Throat practices, can be extremely helpful in assisting practices and clinics in learning about all of their options. Is it better to outsource ENT billing or provide better training and support to office staff? Can your existing staff keep up with comprehensive record-keeping and billing procedures or do you need additional employees to keep up with the load?
Benefits of Outsourcing ENT Billing and Coding
It is important to weigh the pros and the cons whenever you are making an important decision about the future of your medical practice. Overall, you might be surprised to learn that outsourcing medical billing services can save you both time and money. It also reduces the stress and strain on your in-house staff from having to wear “too many hats” by helping with patients, office management and ENT billing and coding. Healthcare consulting services can perform an evaluation of your existing set-up and provide you with advice on how you can make improvements.
Some offices are more suited to making the move to outsource ENT billing, while others could benefit greatly from a little training for staff on comprehensive record-keeping and get a refresher on all the changes made to ENT billing and coding. The goal is to ensure that everything is done accurately, efficiently and properly to provide a steady cash flow for the medical practice, while making sure that your billing and records are being managed according to current healthcare industry regulations. Things like the ICD-9 to ICD-10 conversion, the Affordable Care Act (ACA), and other changes, must be addressed in order to avoid rejected claims, penalties and other potential legal issues.
When you outsource ENT billing and coding you get peace of mind that:
- your bills are being properly coded and submitted accurately for payment
- any changes to coding and invoicing regulations are being adhered to
- the persons handling your account are highly trained and experienced
- comprehensive record-keeping of all invoicing and statements is being made
- the number of denied/rejected claims due to billing errors will be reduced
- outsourcing medical billing services is not permanent, you can bring your services back in-house at any time when you are ready with the help of healthcare consulting services
Time for What Matters Most
Perhaps the biggest benefit of deciding to outsource ENT billing to a company that specializes in ENT billing and coding, is that you will be able to spend more time on the things that matter most. Providing quality care to your patients is what got you into this business in the first place. Spending hours on end dealing with office management issues, invoicing, collections, comprehensive record-keeping and so much more – it can really take you away from spending time with your patients. This can be crucial for small practices and clinics, which can be easily bogged down by management, billing and coding.
Money gets saved by avoiding the hire of additional staff to focus on ENT billing and coding in-house. The cost of hiring, annual salary, benefits, office furniture, computers, supplies, software and training can really add up. Outsourcing medical billing services means paying a flat rate per claim or, depending on the company, a percentage of the reimbursement on each claim that gets filed by the healthcare consulting services company. Either way, you save money and increase the amount of money that you make, as companies that outsource ENT billing have been shown to increase revenue within months of making the switch.
Contact MD Pro Solutions for More Information
If you are considering outsourcing medical billing services for your otolaryngology practice or clinic, contact our healthcare consulting services by calling 508-946-1665. We can assist you in determining whether our team of highly trained and experienced consultants can help you to make valuable improvements with regard to ENT billing and coding. Call today and learn more about our education, training and support programs, as well as our options to outsource ENT billing and provide comprehensive record-keeping services.